CERTYNEX IFRS ACADEMY

Grantec, a lessor, has decided to dispose of a portfolio of assets subject to finance leases. It is given that, at the reporting date, this portfolio meets the criteria for classification as held for sale under IFRS 5. Under which requirements does Grantec now account for these assets?

Under para. 75 and 76 of IFRS 16 without change, finance income continuing to be recognised at a constant rate until the actual disposal.

Under IAS 16, the underlying assets being brought back into property, plant and equipment before the disposal.

Under IFRS 15, the disposal of the portfolio being a sale of goods to customers.

Under IFRS 5.